Oil prices fell in early Asia trade on Friday as demand concerns outweighed the prospect of tighter supply from global producers while investors remained sceptical that the United States and Iran could strike a nuclear deal.
Brent crude futures dropped 36 cents, or 0.5 per cent, to $75.60 a barrel by 0058 GMT, while the US West Texas Intermediate crude futures eased 33 cents, or 0.5 per cent, to $70.96 a barrel.
Both benchmarks slid by around $1 on Thursday, rebounding from their earlier losses of more than $3, after the US and Iran both denied a report by the Middle East Eye that they were close to a nuclear deal.
